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Ferrari 458 Italias ‘selling for £200k in UK’

The first examples of the new Ferrari 458 Italia supercar are trading for close to £200,000, price guide Glass’s Guide reports today. It claims wealthy enthusiasts are paying a £25,000 premium to jump the queue and get into one of the first 458s in Britain. The Italia lists at £169,545 in the UK, with first deliveries due for summer 2010.

Paris bans some cars to cut smog

PARIS is taking drastic measures to combat its worst air pollution in years, banning around half of the city's cars and trucks from its streets in an attempt to reduce the toxic smog that has shrouded the French capital for more than a week. Cars with even-numbered licence plates were prohibited from driving in Paris and its suburbs today, following a government decision over the weekend. Around 700 police were patrolling the morning rush-hour, handing out tickets to offenders.

GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.